The problem VUSD solves

VUSD is Backed by other StableCoins such as USDC, USDT, DAI, BUSD, Frax, and more.

Creation of VUSD
Deposit the collateral Tokens(USDC, USDT, DAI, BUSD, Frax) and Mint VUSD

Burning of VUSD
Burn VUSD and get back the collateral Tokens(USDC, USDT, DAI, BUSD, Frax)

Why we Need VSDC
Diversification: By backing the VUSD with multiple stablecoins, the risk is spread across various assets, reducing the potential for any one asset to cause a significant impact on the overall value of the stablecoin.

Currently, this smart contract is deployed on Polygon ZK-EVM

Challenges I ran into

We first learned about the current problems in stable and looked into different possible solutions. and then we explored many solution paths. We have decided to create a stablecoin basket as the optimal solution. We have deployed our smart contract in Polygon ZK-EVM Testnet, it will be deployed to Polygon ZK-EVM Mainnet in the Future. While deploying the contract we used Hardhat.